2-bedroom terraced house · DN31 1TU
For saleListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** investors only ** Offered for sale with long-standing tenants in situ, this end-terrace property on Fildes Street, Grimsby presents an excellent investment opportunity for landlords seeking an immediate rental income.
Currently arranged as two self-contained flats, the property has been occupied by the same tenants for approximately 15 years, who currently pay a combined rent of £360 per calendar month.
The ground floor flat comprises a comfortable lounge, fitted kitchen, double bedroom and bathroom, providing well-proportioned accommodation ideal for a The first-floor flat offers a similar layout, featuring a lounge, fitted kitchen, double bedroom and a shower room, creating two independent living spaces within the property.
The established tenancy provides continuity for investors, while there is also scope for future purchasers to review the accommodation to suit their own requirements, subject to any necessary permissions and regulations.
Conveniently positioned close to Grimsby town centre, the property enjoys easy access to a wide range of local amenities, supermarkets, schools and public transport links, making it a convenient location for tenants.
Whether you are looking to expand your existing property portfolio or purchase your first buy-to-let investment, this affordable property offers the advantage of immediate rental income together with reliable, long-term tenants, making it an attractive addition to any investment portfolio.
Living Room Gff (13' 3'' x 10' 7'' (4.05m x 3.22m)) Bedroom 1 Gff (11' 1'' x 9' 9'' (3.38m x 2.97m)) WC Gff (5' 5'' x 2' 10'' (1.65m x 0.87m)) Bathroom Gff (5' 5'' x 5' 3'' (1.65m x 1.61m)) Kitchen Fff (8' 2'' x 8' 6'' (2.49m x 2.60m)) Living Room Fff (11' 1'' x 13' 7'' (3.37m x 4.14m)) Shower Room Fff (5' 7'' x 5' 11'' (1.71m x 1.81m)) Bedroom 1 Fff (13' 4'' x 8' 6'' (4.06m x 2.58m))
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About GFF & FFF 127, Fildes Street, Grimsby
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